St. Regis Properties & Sequoia Equities Acquires Federal Way Multifamily For $35.75M
35434 25th Avenue Southwest, Federal Way, Washington 98023, United States
$35,750,000
Units
105
Asset Type
MultiFamily
Closing
Jul 4, 2022
AI
The multifamily property located at 35434 25th Ave SW in Federal Way, WA has been sold. The property consists of 105 units and was sold for a total price of $35,750,000, which equates to approximately $340,476 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,750,000
- Units: 105
- Price Per Unit: $340,476
- Market: Federal Way, WA
The buyer of the property is St. Regis Properties & Sequoia Equities, while Red Hill Realty Investment served as the seller. The transaction took place on July 5, 2022.
Players
Federal Way MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93